Economy to Slow Further but Rebound Next Year: Bullard

The US economy will slow in the second half but return to more normal growth in the first half of 2011, James Bullard, president of the St. Louis Federal Reserve, told CNBC Thursday.

“The consensus is developing in the forecast community that we’ve got a slower economy in second half of this year,” said Bullard, who is known to be an outspoken hawk on monetary policy. “But we will pick up in 2011, probably back to trend growth, or even better.”